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HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS (Tables) | 3 Months Ended
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Mar. 31, 2015
Real Estate [Abstract] |
Schedule of Costs for Land, Timber and Real Estate Development | An analysis of higher and better use timberlands and real estate development costs from December 31, 2014 to March 31, 2015 is shown below:
| Higher and Better Use Timberlands and Real Estate Development Costs
| Land and Timber |  | Development Costs |  | Total
Non-current portion at December 31, 2014 |  | $65,959 |  |  |  | $11,474 |  |  |  | $77,433 |
Plus: Current portion (a) | 4,875 |  |  | 57 |  |  | 4,932 |
Total Balance at December 31, 2014 | 70,834 |  |  | 11,531 |  |  | 82,365 |
Non-cash cost of land sold and real estate development costs recovered upon sale | (3,669 | ) |  | (4 | ) |  | (3,673 | )
Timber depletion from harvesting activities | (554 | ) |  | — |  |  | (554 | )
Capitalized real estate development costs (b) | — |  |  | 276 |  |  | 276 |
Capital expenditures (silviculture) | 49 |  |  | — |  |  | 49 |
Acquisitions | — |  |  | — |  |  | — |
Transfers | — |  |  | — |  |  | — |
Total Balance at March 31, 2015 | 66,660 |  |  | 11,803 |  |  | 78,463 |
Less: Current portion (a) | (6,173 | ) |  | (338 | ) |  | (6,511 | )
Non-current portion at March 31, 2015 |  | $60,487 |  |  |  | $11,465 |  |  |  | $71,952 |
(a) | The current portion of Higher and Better Use Timberlands and Real Estate Development Costs is recorded in Inventory. See Note 14 — Inventory for additional information.
(b) | Capitalized real estate development costs for the three months ended March 31, 2015 of $276,000 consisted of $306,000 in cash outflows and a $30,000 change in accrued spending.

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